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Argentina’s Dollar Split Widens: Blue at $1,440, Córdoba Tops $1,455 After New Curb

A new 90-day bar on MEP and CCL trading after official purchases coincides with Córdoba’s higher blue, keeping gaps in place.

Overview

  • The central bank said buyers of the official dollar are barred from MEP and CCL operations for 90 days, a curb announced on Friday.
  • Banco Nación lists the official dollar at $1,300 for buying and $1,350 for selling, with weekend quotes serving as references while markets are closed.
  • The blue dollar is quoted at $1,420/$1,440 nationwide, with Córdoba higher at $1,424/$1,455 after a $30 rise following the policy signal.
  • Financial rates show MEP at $1,425.60/$1,440.20 and CCL at $1,460.30/$1,470.20, keeping MEP nearly aligned with blue and CCL at a premium.
  • Spreads remain steady: blue vs official near 9%, tarjeta/ahorro at $1,755 about 24% above blue, and the blue up roughly 7% in September and 16% year to date.